Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of WENDU SPAR is 2.0% (moderate). The 2025 annual accounts show equity of €215k and a net result of €191k. Its solvency ranks better than 27% of 480 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-08-2025, 2 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-01. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-01-2025, that is 31-08-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-01-2025 | 31-08-2025 | 29-08-2025 | 2 d early | 2025-00438696 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.0%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€191k
Working capital€402k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.1% | 21.2% | |
| Net result | €191k | €32k | |
| Equity | €215k | €163k | |
| Gross operating margin | €911k | €281k | |
| Staff costs | €506k | €211k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €403k |
| Net profit | €191k |
| Cash flow | €331k |
| Staff costs | €506k |
| Income taxes | €10k |
| Dividends | - |
| Total assets | €3.04M |
| Equity | €215k |
| Debt | €2.83M |
| of which ≤ 1y | €773k |
| of which > 1y | €2.05M |
| Working capital | €402k |
| Employees (FTE) | 9.7 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.52 |
| Quick ratio | 1.17 |
| Working capital ratio | 13.2% |
| Solvency | 7.1% |
| Debt / equity | 13.13 |
| Long-term debt ratio | 9.54 |
| Interest coverage | 6.41 |
| Gross margin | - |
| Net margin | - |
| ROA | 6.3% |
| ROE | 88.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.04M |
| Fixed assets | 21/28 | €1.87M |
| Intangible fixed assets | 21 | €448k |
| Tangible fixed assets | 22/27 | €1.42M |
| Current assets | 29/58 | €1.18M |
| Stocks & contracts in progress | 3 | €274k |
| Amounts receivable within one year | 40/41 | €39k |
| Cash & bank | 54/58 | €839k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.04M |
| Equity | 10/15 | €215k |
| Contributions / capital | 10/11 | €24k |
| Accumulated profits (losses) | 14 | €191k |
| Amounts payable | 17/49 | €2.83M |
| Amounts payable after one year | 17 | €2.05M |
| Amounts payable within one year | 42/48 | €773k |
| Trade debts payable within one year | 44 | €460k |
| Income statement | ||
| Gross operating margin | 9900 | €911k |
| Operating result | 9901 | €264k |
| Financial income | 75 | €554 |
| Financial charges | 65 | €63k |
| Result before taxes | 9903 | €201k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €191k |
| Result to be appropriated | 9905 | €191k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed73
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
4 directorsCurrent directors & mandates
-
VDC MARKETLegal entityDirector· perm. rep.: VANDECASTEELE MiraState Gazette act 25158419 (16-12-2025)Current01-12-2025 → present
-
VDC-INVESTLegal entityDirector· perm. rep.: VANDECASTEELE HeinState Gazette act 25158419 (16-12-2025)Current01-12-2025 → present
Former directors (2)
-
Former- → 31-01-2026
-
Former- → 31-01-2026
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 12-04-2024 |
| Status | Active |
| Postal code | 8420 |
Structure & network
Connections & network
3 connected companiesGroup structure
Sits on the board · 1 subsidiary · 1 location
Control→
Sits on the board · 2 subsidiaries · 2 locations
Control→
Network connections
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
2 partiesControl over this companysits on this company's board2
2 subsidiaries · 2 locations
1 subsidiary · 1 location
controls
WENDU SPARBE 1008.340.437
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kerkstraat 148420 De HaanEstablishment units
1 locationSpar Wenduine
since 20242.358.276.173
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area300 m²
Buildings1
Building footprint297 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31038A0693/00A000 | Flanders | 300 m² | 1 · 297 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts All acts · 3
updated 6 months ago
2026
26-01-2026 Publication in the Belgian Official Gazette, Minor change
Summary:
v3.2
2025
16-12-2025 2 directors appointed, 2 resigning
- VANDECASTEELE Hein, Bestuurder
- VANDECASTEELE Mira, Bestuurder
- KUYLE Ivan, Bestuurder
- LEENKNEGT Hilde, Bestuurder
Summary:
v3.2
2024
16-04-2024 Incorporation of a new BV
Summary:
oprichting
Analysis
Financial profile
4 of 5 axes measured67
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
73
Profitability
100
Solvency
27
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 1,663 of the 10,422 companies in this sector. 984 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114Overige niet-gespecialiseerde detailhandel47120Detailhandel via postorderbedrijven of via internet47910
Primary activity highlighted.
Names & trade names
| Legal nameNL | WENDU SPAR |
Registered office
Kerkstraat 14
8420 De Haan, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.